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Lyft Loss Expands as Active Rider Base Growth Slows

Aug 5, 2022
Scott Peters
Lyft said second quarter revenues rose but active rider base growth slowed and the loss in the period expanded.

LYFT

DoorDash Revenues Rise 30%

Aug 5, 2022
Scott Peters
DoorDash said second quarter revenues and gross order volumes rose on the expansion of merchants and customers on the platform. However, the net loss continues to widen as the quarterly revenue growth slows.

Expedia Bookings and Revenues Soar

Aug 5, 2022
Scott Peters
Expedia said gross bookings soared 26% in the second quarter with bookings for lodging surging 57% and air tickets surging 22% as travel activities pick up.

EXPE

Strong Labor Market Recovery In July Lifted Bond Yields, Stocks Meander

Aug 5, 2022
Barry Adams
Stocks rebounded from the lows of the session and bond yields rose after the payrolls expanded at a faster pace in four months. The labor market strength raised the prospect of a larger rate increase at the next Fed's meeting.

Asian Markets Advance Despite China Missiles Landing Near Japan

Aug 5, 2022
Arjun Pandit
Asian markets advanced and investors shifted focus to the latest batch of earnings. China is holding its largest-ever military exercises over Taiwan and landed at least five missiles near the southernmost islands of Okinawa, Japan.

Caution On Wall Street Ahead of Jobs Report, Oil May Fall Further

Aug 4, 2022
Barry Adams
Stocks on Wall Street lacked direction ahead of the release of labor force status Friday and payrolls expansions are expected to slow considerably in July. Gasoline demand at retail stations are near the lows seen two years ago at the height of the Covid-19 pandemic.

U.S. Stocks Lack Direction, Oil Drops to 6-month Low

Aug 4, 2022
Barry Adams
Stocks on Wall Street lacked direction after a two-day rally and ahead of monthly jobs report on Friday. Crude oil extended weekly losses on the worries of global economic slowdown.



Asian Markets Advance On Earnings and Positive Cues from Wall Street

Aug 4, 2022
Arjun Pandit
Benchmark indexes in China rose despite the rising tensions with the U.S. and in Japan rose on positive earnings and weaker crude oil prices. Market indexes in India were cautious ahead of rate decision on Friday.

Nasdaq Surges 2.6% On Positive Economic Data

Aug 3, 2022
Barry Adams
Tech stocks led the advance on Wall Street after the service sector expanded at the fastest pace in three months according to a private survey. Positive data on manufactured goods also supported the market advance.

European Markets Advance, Retail Sales Fall, Wholesale Inflation Rises

Aug 3, 2022
Bridgette Randall
European markets closed higher and retail sales declined and producer prices rose in the currency zone.

Robinhood's Assets Under Custody, Active Users, and Revenues Fell

Aug 3, 2022
Scott Peters
Robinhood said active users, assets under custody, and revenues declined after financial markets faced the worst first-half in decades and cryptocurrencies plunged.

HOOD

PayPal Swings to Quarterly Loss

Aug 3, 2022
Scott Peters
PayPal said quarterly revenues rose and free cash flow increased and guided higher transaction volume on its platform. The payment processing company is in discussion with an activist investor.

PYPL

Expeditors International Sees No End of Supply Disruptions Soon

Aug 3, 2022
Scott Peters
Expeditors International posted quarterly revenues and earnings growth but also highlighted supply chain disruptions are likely to persist for a while.

EXPD

AMD Net Income Plunges 37% Despite Record Quarterly Revenues

Aug 3, 2022
Scott Peters
AMD reported eighth record quarterly revenues in a row but earnings fell after margins declined and expenses rose. The chipmaker anticipates the revenue growth to continue in the remainder of the year.

AMD


Movers: AMD, Airbnb, Expeditors International, Match Group, PayPal, Robinhood Markets, Starbucks

Aug 3, 2022
Barry Adams
AMD posted strong quarterly revenue growth but earnings dropped. Airbnb swung to a quarterly profit and record booking volumes. PayPal swung to a quarterly loss. Robinhood Markets expands layoffs. Starbucks says customers are not trading down.

AMD EXPD PYPL SBUX ABNB MTCH HOOD